2013-12-03 16:00:13 [Message] fib_1618 -> Chat: good day2013-12-03 16:00:15 [Message] fib_1618 -> Chat: how is everyone?2013-12-03 16:00:37 [Message] thespookyone -> Chat: Fine, thx2013-12-03 16:01:02 [Message] fib_1618 -> Chat: I still feel like it's the weekend2013-12-03 16:01:15 [Message] fib_1618 -> Chat: I've lost all track of time (and space)2013-12-03 16:01:24 [Message] thespookyone -> Chat: I thought it was Monday in my room, LOL2013-12-03 16:01:42 [Message] fib_1618 -> Chat: I thought last Thursday was Sunday2013-12-03 16:01:47 [Message] fib_1618 -> Chat: Friday was Saturday2013-12-03 16:01:51 [Message] fib_1618 -> Chat: I'm all messed up2013-12-03 16:02:31 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??2013-12-03 16:03:05 [Message] thespookyone -> Chat: I had 3 longs into today, and cashed all 3 with nice profits-the stocks exploded. The A/D line-some still go up...2013-12-03 16:03:47 [Message] fib_1618 -> Chat: yup2013-12-03 16:03:50 [Message] fib_1618 -> Chat: actually 2013-12-03 16:04:11 [Message] fib_1618 -> Chat: there is a nice technical cushion where individual issues can continue to rise 2013-12-03 16:04:28 [Message] thespookyone -> Chat: agreed2013-12-03 16:04:30 [Message] fib_1618 -> Chat: the larger the spread between the short term and intermediate term EMA's2013-12-03 16:04:41 [Message] fib_1618 -> Chat: the larger the overall push2013-12-03 16:04:47 [Message] fib_1618 -> Chat: not too surprising2013-12-03 16:04:53 [Message] fib_1618 -> Chat: we got a pullback2013-12-03 16:04:58 [Message] fib_1618 -> Chat: ISEE went to 82 today2013-12-03 16:05:08 [Message] fib_1618 -> Chat: and I'm sure the bears came out to play as well2013-12-03 16:05:09 [Message] thespookyone -> Chat: whoa2013-12-03 16:05:47 [Message] fib_1618 -> Chat: OK...let's get DP up and we'll get cracking2013-12-03 16:06:24 [Message] fib_1618 -> Chat: after failing to show any upside follow through last Friday2013-12-03 16:06:38 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO has moved back below its zero line2013-12-03 16:06:48 [Message] fib_1618 -> Chat: and violated its near term rising bottoms line in the process2013-12-03 16:06:49 [Message] fib_1618 -> Chat: however2013-12-03 16:07:05 [Message] fib_1618 -> Chat: it remains above the reaction lows of two weeks ago2013-12-03 16:07:36 [Message] fib_1618 -> Chat: this break of the rising bottoms line has allowed the NYSE CO breadth MCSUM to break to the downside 2013-12-03 16:08:20 [Message] fib_1618 -> Chat: with the short term objective of challenging the area between the +250 level and the lows of early October2013-12-03 16:08:29 [Message] fib_1618 -> Chat: looking at the components2013-12-03 16:08:43 [Message] fib_1618 -> Chat: and we see that the 10% Trend moved below its zero line today2013-12-03 16:09:22 [Message] fib_1618 -> Chat: but the 5% Trend remains above its zero line providing "corrective behavior" overall2013-12-03 16:09:53 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO2013-12-03 16:10:03 [Message] fib_1618 -> Chat: and here we also failed to move to higher highs last week2013-12-03 16:10:26 [Message] fib_1618 -> Chat: but we settled today above the short term rising bottoms line, as well as, the previous lows2013-12-03 16:10:50 [Message] fib_1618 -> Chat: this would suggest that we continue to see better strength with the interest rate sensitive issues2013-12-03 16:11:36 [Message] fib_1618 -> Chat: as we continue to build a bottoms above bottoms structure in the MCO2013-12-03 16:11:50 [Message] fib_1618 -> Chat: looking at the close up of the NYSE Composite breadth MCSUM2013-12-03 16:12:19 [Message] fib_1618 -> Chat: and we see that the last two bounces we've seen here was first a "ledge" and we have now finished a "fishhook" structure2013-12-03 16:12:54 [Message] fib_1618 -> Chat: this would then indicate that this will likely be the last and final purge in the internals corrective process that's been taking place over the last month2013-12-03 16:13:15 [Message] fib_1618 -> Chat: and that we're likely to find support at the +250 level2013-12-03 16:13:45 [Message] fib_1618 -> Chat: after moving to new 4 month highs on Friday2013-12-03 16:14:02 [Message] fib_1618 -> Chat: the NASDAQ breadth MCO has now snapped back to its zero line2013-12-03 16:14:11 [Message] fib_1618 -> Chat: and just as it climbed higher2013-12-03 16:14:29 [Message] fib_1618 -> Chat: the decline of the last two days saw nothing in the way of texture2013-12-03 16:14:52 [Message] fib_1618 -> Chat: this would indicate that both sides are attempting to take control from our compression point of the last two weeks2013-12-03 16:15:08 [Message] fib_1618 -> Chat: and that we're basically back to where we started again2013-12-03 16:15:26 [Message] fib_1618 -> Chat: looking at the components2013-12-03 16:15:43 [Message] fib_1618 -> Chat: and we see that the 10% has now snapped back to the 5% Trend2013-12-03 16:15:53 [Message] fib_1618 -> Chat: so between this and the zero line test in the MCO itself2013-12-03 16:16:07 [Message] fib_1618 -> Chat: we should see a technical bounce technical higher on Wednesday2013-12-03 16:16:46 [Message] fib_1618 -> Chat: and we'll see how things look when we get back to the +25 level in the MCO2013-12-03 16:16:54 [Message] fib_1618 -> Chat: looking at the calendar2013-12-03 16:17:03 [Message] fib_1618 -> Chat: and we see that we have the jobs data this coming Friday...ADP tomorrow2013-12-03 16:17:16 [Message] fib_1618 -> Chat: so we're in the process of setting up for this it would seem2013-12-03 16:17:55 [Message] fib_1618 -> Chat: the NDX breadth MCO settled today on its short term rising bottoms line2013-12-03 16:18:02 [Message] fib_1618 -> Chat: and looking at the NDX breadth MCSUM2013-12-03 16:18:17 [Message] fib_1618 -> Chat: and we see that it continues to be confined within a large symmetrical triangle configuration2013-12-03 16:18:52 [Message] fib_1618 -> Chat: with any downside break below the +600 level suggesting that the bears will be in control for the rest of December2013-12-03 16:19:13 [Message] fib_1618 -> Chat: while any upside break above the +800 level giving the nod to the bulls2013-12-03 16:19:47 [Message] fib_1618 -> Chat: looking at the NDX price chart2013-12-03 16:19:59 [Message] fib_1618 -> Chat: and we see that we closed the upside pattern gap from last Friday today2013-12-03 16:20:22 [Message] fib_1618 -> Chat: and the price bar closed just below Monday's close2013-12-03 16:20:41 [Message] fib_1618 -> Chat: it would had been better for the buyers to close above yesterday's close2013-12-03 16:20:58 [Message] fib_1618 -> Chat: so there's not a lot of clarity of what is likely to happen near term2013-12-03 16:21:23 [Message] fib_1618 -> Chat: moving to the SPX breadth MCO2013-12-03 16:21:31 [Message] fib_1618 -> Chat: and there we had a definitive break of support today2013-12-03 16:21:55 [Message] fib_1618 -> Chat: and this has created a large downside gap in the SPX breadth MCSUM2013-12-03 16:22:12 [Message] fib_1618 -> Chat: given their track record over the last year or so2013-12-03 16:22:57 [Message] fib_1618 -> Chat: we'll have to see if the sellers are able to break below the lows of early November first before we can say that we had any technical damage that was created by today's break 2013-12-03 16:23:13 [Message] fib_1618 -> Chat: so we'll see if they have any backbone this time around2013-12-03 16:23:30 [Message] fib_1618 -> Chat: the 10% Trend has reached its zero line2013-12-03 16:23:39 [Message] fib_1618 -> Chat: so a bounce here would be the near term expectation2013-12-03 16:24:00 [Message] fib_1618 -> Chat: and this would give the SPX breadth MCO an opportunity to snapback to today's break of horizontal support2013-12-03 16:24:27 [Message] fib_1618 -> Chat: notice too that the +750 level was just too much resistance to overcome in the SPX breadth MCSUM2013-12-03 16:25:00 [Message] fib_1618 -> Chat: an almost identical same story with the OEX breadth MCO and MCSUM2013-12-03 16:25:44 [Message] fib_1618 -> Chat: with yesterday's down day in the Dow providing the first time that the Dow breadth MCO has been able to move back below its zero line in almost 2 months2013-12-03 16:25:58 [Message] fib_1618 -> Chat: as the Dow breadth MCSUM found too much resistance to overcome at the +1000 level2013-12-03 16:26:26 [Message] fib_1618 -> Chat: the Dow components both remain above their zero lines2013-12-03 16:26:34 [Message] fib_1618 -> Chat: so we have corrective behavior at this time2013-12-03 16:26:43 [Message] fib_1618 -> Chat: (and long overdue)2013-12-03 16:27:17 [Message] fib_1618 -> Chat: the MID breadth MCO broke below the previous lows on the chart 2013-12-03 16:27:40 [Message] fib_1618 -> Chat: as well as the short term rising bottoms line from the early November lows2013-12-03 16:27:51 [Message] fib_1618 -> Chat: but it still remains above this same November low point2013-12-03 16:28:02 [Message] fib_1618 -> Chat: according to the components2013-12-03 16:28:08 [Message] fib_1618 -> Chat: this too looks corrective at this time2013-12-03 16:28:39 [Message] fib_1618 -> Chat: with a top beneath a top in the MID breadth MCSUM now behind us2013-12-03 16:28:50 [Message] fib_1618 -> Chat: it would appear that we're heading for the +500 level short term2013-12-03 16:29:30 [Message] fib_1618 -> Chat: the SML breadth MCO remains the strongest of the indices we cover2013-12-03 16:30:00 [Message] fib_1618 -> Chat: though it perceptively broke below its short term rising bottoms line today2013-12-03 16:30:22 [Message] fib_1618 -> Chat: as it did settled today with a reading of -102013-12-03 16:31:17 [Message] fib_1618 -> Chat: so we'll keep an eye on this basket of stocks as it would seem as they go, so is likely the rest of the market2013-12-03 16:32:03 [Message] fib_1618 -> Chat: and the TM breadth MCO remains in rising configuration2013-12-03 16:32:22 [Message] fib_1618 -> Chat: and with both of the components above their zero lines2013-12-03 16:32:34 [Message] fib_1618 -> Chat: the last two to three days of market action can only be called corrective2013-12-03 16:32:46 [Message] fib_1618 -> Chat: with no indication of a possible turn in the trend2013-12-03 16:32:51 [Message] fib_1618 -> Chat: so...2013-12-03 16:33:13 [Message] fib_1618 -> Chat: the buyers tried their best to keep things going beyond the Thanksgiving holiday period2013-12-03 16:33:28 [Message] fib_1618 -> Chat: but showed failure to hold the days gains both on Wednesday and Friday2013-12-03 16:33:51 [Message] fib_1618 -> Chat: and the profit takers decided that was enough of an excuse to bank on their profits2013-12-03 16:34:02 [Message] fib_1618 -> Chat: the internals continue to look corrective for now2013-12-03 16:34:18 [Message] fib_1618 -> Chat: and if we can get a bit more negative sentiment here in the next couple of days2013-12-03 16:34:59 [Message] fib_1618 -> Chat: we will then be able to get enough of the breadth MCSUM's to pullback to more reasonable levels from which new buyers are likely to enter the market2013-12-03 16:35:48 [Message] fib_1618 -> Chat: moving to the volume McClellan's2013-12-03 16:36:21 [Message] fib_1618 -> Chat: and we first see that the NYSE CO volume MCO broke below its recent lows2013-12-03 16:37:22 [Message] fib_1618 -> Chat: and this may be enough of a trigger to where the NYSE CO volume MCSUM will be able to at least challenge, if not break below, its early November lows2013-12-03 16:37:51 [Message] fib_1618 -> Chat: we also note that the 10% Trend has now touched its zero line today2013-12-03 16:38:09 [Message] fib_1618 -> Chat: so a technical bounce should be seen here as well as soon as Wednesday2013-12-03 16:38:31 [Message] fib_1618 -> Chat: as far as prices are concerned2013-12-03 16:38:52 [Message] fib_1618 -> Chat: we do have enough of a downside thrust now to challenge the 10,000 level on the NYA2013-12-03 16:39:05 [Message] fib_1618 -> Chat: and we should expect it to do this sooner than later2013-12-03 16:39:34 [Message] fib_1618 -> Chat: the NYSE Composite volume MCO is in lock step with the CO data2013-12-03 16:39:55 [Message] fib_1618 -> Chat: this would suggest that prices are able to "impulse" in either direction for now2013-12-03 16:40:07 [Message] fib_1618 -> Chat: that any shorts are to be "hit and run" affairs near term2013-12-03 16:40:26 [Message] fib_1618 -> Chat: as the larger trend remains to the upside2013-12-03 16:40:57 [Message] fib_1618 -> Chat: as we had anticipated last week2013-12-03 16:41:12 [Message] fib_1618 -> Chat: the NASDAQ volume MCSUM has now snapped back toward what was its previous line of support2013-12-03 16:41:53 [Message] fib_1618 -> Chat: and we're going to need to see a better push now by the buyers in order to see the current bounce extend beyond this purely technical reflex point2013-12-03 16:42:36 [Message] fib_1618 -> Chat: the components here remain on a crossover buy2013-12-03 16:42:42 [Message] fib_1618 -> Chat: and well above their zero lines2013-12-03 16:43:05 [Message] fib_1618 -> Chat: so this expectation of seeing a better push is likely to occur2013-12-03 16:43:28 [Message] fib_1618 -> Chat: whether there will be follow through to keep the ball rolling or not is still something that would be debated 2013-12-03 16:44:13 [Message] fib_1618 -> Chat: the NDX volume MCO remains in a rising configuration2013-12-03 16:44:24 [Message] fib_1618 -> Chat: showing that money is not leaving this basket of stocks as yet2013-12-03 16:44:44 [Message] fib_1618 -> Chat: and this will allow prices to remain buoyant near term2013-12-03 16:45:09 [Message] fib_1618 -> Chat: notice that it couldn't get above the +25 level on Friday2013-12-03 16:45:25 [Message] fib_1618 -> Chat: which was something we needed to see happen to extend the timeline out for the rest of December2013-12-03 16:45:36 [Message] fib_1618 -> Chat: but we haven't retracted much either2013-12-03 16:45:49 [Message] fib_1618 -> Chat: one would think then that it's still the bulls to lose 2013-12-03 16:46:04 [Message] fib_1618 -> Chat: that the last two days is more of a pause than anything earth shattering2013-12-03 16:46:26 [Message] fib_1618 -> Chat: like its breadth cousin2013-12-03 16:46:42 [Message] fib_1618 -> Chat: the SPX volume MCO also broke below previous support levels today2013-12-03 16:46:50 [Message] fib_1618 -> Chat: if anything 2013-12-03 16:46:59 [Message] fib_1618 -> Chat: the market remains fully in sync right now2013-12-03 16:47:17 [Message] fib_1618 -> Chat: and that any corrective process is likely to be that of a "high level consolidation"2013-12-03 16:47:46 [Message] fib_1618 -> Chat: yeas...looks like a pause to refresh in the SPX2013-12-03 16:47:59 [Message] fib_1618 -> Chat: we'll keep the 1825 upside target still on the table for now2013-12-03 16:48:21 [Message] fib_1618 -> Chat: though it might not be as easy to attain as it was a couple of weeks ago2013-12-03 16:48:41 [Message] fib_1618 -> Chat: the OEX volume MCO is now minimally "oversold"2013-12-03 16:49:12 [Message] fib_1618 -> Chat: seems that the large caps continue to be take the blunt of any selling2013-12-03 16:49:30 [Message] fib_1618 -> Chat: but then again2013-12-03 16:49:51 [Message] fib_1618 -> Chat: they have been above their MCO zero lines now for 90% of the time over the last 2 months2013-12-03 16:49:59 [Message] fib_1618 -> Chat: so in this respect2013-12-03 16:50:10 [Message] fib_1618 -> Chat: it looks like this pause is one of rotation than anything else2013-12-03 16:50:37 [Message] fib_1618 -> Chat: notice how the OEX volume MCSUM found resistance right at the +750 level2013-12-03 16:51:09 [Message] fib_1618 -> Chat: with the rising bottoms line there coming in at around the +400 level2013-12-03 16:51:25 [Message] fib_1618 -> Chat: so with our being at +666 (!)2013-12-03 16:51:53 [Message] fib_1618 -> Chat: we have a bit of room to ease off a bit here and still keep the overall uptrend intact2013-12-03 16:52:12 [Message] fib_1618 -> Chat: the Dow volume MCO is also minimally "oversold" now2013-12-03 16:52:31 [Message] fib_1618 -> Chat: so we should see at least a bounce attempt as soon as tomorrow2013-12-03 16:52:50 [Message] fib_1618 -> Chat: the MID volume MCO remains above its zero line2013-12-03 16:53:03 [Message] fib_1618 -> Chat: and this is allowing the MID volume MCSUM to continue to climb higher2013-12-03 16:53:23 [Message] fib_1618 -> Chat: and this provides a good example of how money is evidently rotating out of large caps and into mid caps2013-12-03 16:53:49 [Message] fib_1618 -> Chat: the buyers though do have to show some muscle here near term2013-12-03 16:53:59 [Message] fib_1618 -> Chat: or the +600 level might provide too much resistance to overcome2013-12-03 16:54:16 [Message] fib_1618 -> Chat: bullish crossover on the components remains intact2013-12-03 16:54:23 [Message] fib_1618 -> Chat: so nothing bearish there2013-12-03 16:54:50 [Message] fib_1618 -> Chat: a bit of resistance at the +750 level for the SML volume MCSUM2013-12-03 16:55:24 [Message] fib_1618 -> Chat: while the SML volume MCO's rising bottoms line remains intact2013-12-03 16:55:41 [Message] fib_1618 -> Chat: as is with the TM volume MCO2013-12-03 16:56:07 [Message] fib_1618 -> Chat: though the bulls would love to see better gap expansion to the upside in the TM volume MCSUM to feel a bit more comfortable2013-12-03 16:56:09 [Message] fib_1618 -> Chat: so...2013-12-03 16:56:17 [Message] fib_1618 -> Chat: between breadth and volume2013-12-03 16:56:25 [Message] fib_1618 -> Chat: everything looks to be in sync right now within each index2013-12-03 16:56:42 [Message] fib_1618 -> Chat: that money continues to shy away from the large caps2013-12-03 16:56:52 [Message] fib_1618 -> Chat: but continues to support the mid and small cap baskets2013-12-03 16:57:07 [Message] fib_1618 -> Chat: so until we start seeing downside leadership by the mid and small caps2013-12-03 16:57:16 [Message] fib_1618 -> Chat: and especially in the secondary market (NASDAQ)2013-12-03 16:57:40 [Message] fib_1618 -> Chat: these pullbacks are likely pauses from where buy points are created2013-12-03 16:57:42 [Message] fib_1618 -> Chat: you know...2013-12-03 16:57:55 [Message] fib_1618 -> Chat: all those times you tell folks that you're waiting for a pullback to move long?2013-12-03 16:58:04 [Message] fib_1618 -> Chat: this would be one of those times 2013-12-03 16:58:16 [Message] fib_1618 -> Chat: but when the rubber meets the road2013-12-03 16:58:28 [Message] fib_1618 -> Chat: most of us are afraid to pull the trigger2013-12-03 16:58:30 [Message] fib_1618 -> Chat: unless2013-12-03 16:58:34 [Message] fib_1618 -> Chat: you have a plan2013-12-03 16:58:40 [Message] fib_1618 -> Chat: and an appropriate stop2013-12-03 16:58:52 [Message] fib_1618 -> Chat: let's see how the volume oscillators look2013-12-03 16:59:20 [Message] fib_1618 -> Chat: let's call the CVI's mixed2013-12-03 16:59:37 [Message] fib_1618 -> Chat: neutral to "oversold" all depending2013-12-03 16:59:51 [Message] fib_1618 -> Chat: the STVO's are relieving their "overbought" readings of last week2013-12-03 17:00:03 [Message] fib_1618 -> Chat: the VTO's continue to suggest a strong uptrend in force2013-12-03 17:00:23 [Message] fib_1618 -> Chat: NYSE TRIN at 1.282013-12-03 17:00:31 [Message] fib_1618 -> Chat: Open 10 at 1.072013-12-03 17:00:34 [Message] fib_1618 -> Chat: getting there2013-12-03 17:00:38 [Message] fib_1618 -> Chat: "oversold"2013-12-03 17:00:50 [Message] fib_1618 -> Chat: but we would feel better if we can get above 1.102013-12-03 17:01:03 [Message] fib_1618 -> Chat: NASDAQ TRIN at .992013-12-03 17:01:13 [Message] fib_1618 -> Chat: Open 10 at 1.012013-12-03 17:01:18 [Message] fib_1618 -> Chat: minimally "oversold"2013-12-03 17:01:22 [Message] fib_1618 -> Chat: but a nice bounce 2013-12-03 17:01:31 [Message] fib_1618 -> Chat: TM TRIN at 1.102013-12-03 17:01:38 [Message] fib_1618 -> Chat: Open 10 at .972013-12-03 17:01:41 [Message] fib_1618 -> Chat: so....2013-12-03 17:02:03 [Message] fib_1618 -> Chat: we still don't have enough of a "oversold" market to where a price bottom for this corrective sequence is due2013-12-03 17:02:20 [Message] fib_1618 -> Chat: so given the idea that we should see a bounce on Wednesday2013-12-03 17:02:32 [Message] fib_1618 -> Chat: the near term blueprint would be for a rally for one or two days2013-12-03 17:02:42 [Message] fib_1618 -> Chat: and then another sell off into early next week2013-12-03 17:02:50 [Message] fib_1618 -> Chat: and that should take care of any excesses2013-12-03 17:03:08 [Message] fib_1618 -> Chat: plus we would then be able to reach our downside targets in the MCSUM's2013-12-03 17:03:21 [Message] fib_1618 -> Chat: let me take a look at the BETS...one moment2013-12-03 17:03:57 [Message] fib_1618 -> Chat: watch out in the Precious Metals2013-12-03 17:04:24 [Message] fib_1618 -> Chat: we're just about to see a capitulation point there2013-12-03 17:05:02 [Message] fib_1618 -> Chat: wow... +152013-12-03 17:05:15 [Message] fib_1618 -> Chat: so that's enough for a bounce2013-12-03 17:05:29 [Message] fib_1618 -> Chat: at this point2013-12-03 17:05:52 [Message] fib_1618 -> Chat: we have to remember that the MCSUM only gave us a time map for a probable top around the Thanksgiving holiday2013-12-03 17:06:10 [Message] fib_1618 -> Chat: and we had many of the internals at compressed states all of last week2013-12-03 17:06:22 [Message] fib_1618 -> Chat: the bulls attempted to take the ball and run again for two days but stalled2013-12-03 17:06:42 [Message] fib_1618 -> Chat: and now we're starting to see some breakdowns that could turn into something more important2013-12-03 17:06:47 [Message] fib_1618 -> Chat: for now...2013-12-03 17:06:53 [Message] fib_1618 -> Chat: we are on a hold2013-12-03 17:07:14 [Message] fib_1618 -> Chat: and that only selective buying should be employed2013-12-03 17:07:21 [Message] fib_1618 -> Chat: if we can a decent bounce tomorrow2013-12-03 17:07:35 [Message] fib_1618 -> Chat: that would help our blueprint for an ultimate bottom sometime next week2013-12-03 17:07:40 [Message] fib_1618 -> Chat: maybe as early as Friday2013-12-03 17:07:44 [Message] fib_1618 -> Chat: though I seem to doubt it2013-12-03 17:07:50 [Message] fib_1618 -> Chat: bigger picture wise2013-12-03 17:08:03 [Message] fib_1618 -> Chat: a rest here would be quite reasonable2013-12-03 17:08:46 [Message] fib_1618 -> Chat: especially with all the bullish talk of late...it's time spank the option speculators who finally decided to try to play the long side two weeks ago2013-12-03 17:09:03 [Message] fib_1618 -> Chat: get them to go back to buying puts2013-12-03 17:09:12 [Message] fib_1618 -> Chat: which was seen today2013-12-03 17:09:49 [Message] fib_1618 -> Chat: but it wasn't enough of a low reading in the ISEE to offset the high reading in this same tool last month2013-12-03 17:10:05 [Message] fib_1618 -> Chat: my guess is2013-12-03 17:10:27 [Message] fib_1618 -> Chat: once we start seeing bearish posts increase over all2013-12-03 17:10:38 [Message] fib_1618 -> Chat: then we'll know we're close to another tradable low2013-12-03 17:10:42 [Message] fib_1618 -> Chat: and...2013-12-03 17:10:47 [Message] fib_1618 -> Chat: today is turnaround Tuesday2013-12-03 17:11:07 [Message] fib_1618 -> Chat: always good for an opposite move of the majority 2013-12-03 17:11:18 [Message] fib_1618 -> Chat: let me take a look around at some other DP charts2013-12-03 17:12:06 [Message] fib_1618 -> Chat: we almost got a Bollinger Put Volume buy signal today in the OEX (1.90)2013-12-03 17:12:20 [Message] fib_1618 -> Chat: we need a reading above 2.00 for that2013-12-03 17:12:41 [Message] fib_1618 -> Chat: maybe 1.90 is close enough given the degree of ascent in prices?2013-12-03 17:13:13 [Message] fib_1618 -> Chat: P/C ratios though are a bit frothy2013-12-03 17:13:18 [Message] fib_1618 -> Chat: so no help for the bulls there2013-12-03 17:14:12 [Message] fib_1618 -> Chat: sentiment charts look like there are just too many bulls for now2013-12-03 17:14:27 [Message] fib_1618 -> Chat: and why we failed to hold the gains of Wednesday and Friday into the close2013-12-03 17:15:08 [Message] fib_1618 -> Chat: no divergences at all in the weighted and unweighted averages2013-12-03 17:15:16 [Message] fib_1618 -> Chat: so the uptrend is strong2013-12-03 17:16:08 [Message] fib_1618 -> Chat: Eliades TRIN is neutral2013-12-03 17:16:55 [Message] fib_1618 -> Chat: anyway...we should have a better feel of things on Thursday2013-12-03 17:17:00 [Message] fib_1618 -> Chat: but for now...stay the course2013-12-03 17:17:03 [Message] fib_1618 -> Chat: anything else?2013-12-03 17:17:38 [Message] fib_1618 -> Chat: it's been quite a year for the longs2013-12-03 17:18:22 [Message] fib_1618 -> Chat: NASDAQ is up 31% from last December2013-12-03 17:18:30 [Message] unc1998 -> Chat: Hey Dave...Can you look at the XLU breadth chart quickly?2013-12-03 17:18:32 [Message] fib_1618 -> Chat: not too shabby2013-12-03 17:18:36 [Message] fib_1618 -> Chat: sure2013-12-03 17:19:02 [Message] fib_1618 -> Chat: "oversold" bounce2013-12-03 17:19:16 [Message] fib_1618 -> Chat: with the MCSUM trying to find support at the -500 level2013-12-03 17:19:21 [Message] fib_1618 -> Chat: inside range day on the XLU2013-12-03 17:19:26 [Message] unc1998 -> Chat: volume sum broke sept lows, and breadth as of yest has not2013-12-03 17:19:28 [Message] fib_1618 -> Chat: so you should see an up day tomorrow2013-12-03 17:19:34 [Message] unc1998 -> Chat: cool2013-12-03 17:19:57 [Message] fib_1618 -> Chat: yes...2013-12-03 17:20:01 [Message] fib_1618 -> Chat: lots of selling2013-12-03 17:20:03 [Message] fib_1618 -> Chat: as you know2013-12-03 17:20:25 [Message] fib_1618 -> Chat: the McClellan's gave a sell on this sector...what? 2 weeks ago?2013-12-03 17:20:39 [Message] unc1998 -> Chat: yep....been in and out short since2013-12-03 17:20:48 [Message] fib_1618 -> Chat: gotcha2013-12-03 17:20:54 [Message] fib_1618 -> Chat: been successful?2013-12-03 17:21:00 [Message] unc1998 -> Chat: yes! 2013-12-03 17:21:03 [Message] fib_1618 -> Chat: great to hear!2013-12-03 17:21:09 [Message] fib_1618 -> Chat: and you did it while the market was rising2013-12-03 17:21:10 [Message] fib_1618 -> Chat: so...2013-12-03 17:21:16 [Message] fib_1618 -> Chat: I guess this breadth stuff works?2013-12-03 17:21:27 [Message] unc1998 -> Chat: lol definitely!2013-12-03 17:21:49 [Message] fib_1618 -> Chat: I would watch to see how the MCO's react at the -50 levels2013-12-03 17:21:55 [Message] fib_1618 -> Chat: what you should see here2013-12-03 17:22:00 [Message] fib_1618 -> Chat: is some resistance 2013-12-03 17:22:05 [Message] fib_1618 -> Chat: and then a divergent low2013-12-03 17:22:15 [Message] fib_1618 -> Chat: and then you're likely to snapback to the zero line2013-12-03 17:22:17 [Message] fib_1618 -> Chat: now...2013-12-03 17:22:23 [Message] fib_1618 -> Chat: as far as the SOB trigger2013-12-03 17:22:32 [Message] fib_1618 -> Chat: if the breadth and volume MCO's both move below their recent lows2013-12-03 17:22:53 [Message] fib_1618 -> Chat: then there's a very good chance of the trigger2013-12-03 17:23:15 [Message] fib_1618 -> Chat: just watch your MCO levels2013-12-03 17:23:17 [Message] unc1998 -> Chat: did you say the price trigger would be a break of 36?2013-12-03 17:23:19 [Message] fib_1618 -> Chat: and the declining tops line2013-12-03 17:23:25 [Message] fib_1618 -> Chat: in price, yes2013-12-03 17:23:29 [Message] fib_1618 -> Chat: but in order to do that2013-12-03 17:23:51 [Message] fib_1618 -> Chat: the MCO's would now have to move to even deeper "oversold" levels to break this area of support2013-12-03 17:24:18 [Message] fib_1618 -> Chat: remember...it all has to work together to achieve a common goal2013-12-03 17:24:23 [Message] unc1998 -> Chat: thx2013-12-03 17:24:26 [Message] fib_1618 -> Chat: np2013-12-03 17:24:47 [Message] fib_1618 -> Chat: we'll look at the sector charts on Thursday...as we always do2013-12-03 17:25:07 [Message] fib_1618 -> Chat: we should have some better answers by then2013-12-03 17:25:13 [Message] fib_1618 -> Chat: OK...anything else?2013-12-03 17:25:29 [Message] thespookyone -> Chat: thx2013-12-03 17:25:35 [Message] fib_1618 -> Chat: sure 'nuff2013-12-03 17:25:47 [Message] fib_1618 -> Chat: OK...I'm going to take off then2013-12-03 17:25:54 [Message] fib_1618 -> Chat: everyone have a great couple days of trading2013-12-03 17:26:02 [Message] fib_1618 -> Chat: and we'll meet up again on Thursday2013-12-03 17:26:03 [Message] fib_1618 -> Chat: good night__________________Dave's LinkedIn Profile

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

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"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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